18,000 Shares in Boot Barn Holdings, Inc. $BOOT Acquired by III Capital Management

III Capital Management acquired a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the second quarter, HoldingsChannel.com reports. The fund acquired 18,000 shares of the company’s stock, valued at approximately $2,957,000. Boot Barn makes up approximately 0.8% of III Capital Management’s portfolio, making the stock its 16th largest position.

Several other hedge funds have also recently modified their holdings of BOOT. Los Angeles Capital Management LLC bought a new position in shares of Boot Barn during the fourth quarter worth $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Boot Barn in the 2nd quarter worth $33,000. Quantbot Technologies LP purchased a new stake in Boot Barn in the 2nd quarter worth $46,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Boot Barn during the third quarter valued at about $49,000. Finally, Danske Bank A S lifted its position in shares of Boot Barn by 200.0% in the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after buying an additional 200 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have commented on BOOT shares. TD Cowen lowered their price objective on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Stephens lifted their price target on Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings cut Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Finally, Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $219.55.

Boot Barn Price Performance

Boot Barn stock opened at $160.07 on Wednesday. The firm has a 50-day moving average of $161.22 and a two-hundred day moving average of $165.12. Boot Barn Holdings, Inc. has a 1 year low of $133.18 and a 1 year high of $210.25. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.04 and a beta of 1.71.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.69 by $0.60. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The firm had revenue of $593.51 million for the quarter, compared to analyst estimates of $583.15 million. During the same quarter last year, the firm posted $1.74 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. Research analysts expect that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current year.

Boot Barn Profile

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.